Article 55. Representative offices and branches.

1. A representative office is a separate subdivision of a legal entity, located outside its location, which represents the interests of the legal entity and protects them.2. A branch is a separate subdivision of a legal entity, located outside its location and performing all or part of its functions, including the functions of representation.3. Representative offices and branches are not legal entities. They are endowed with the property of the legal entity that created them and act on the basis of the provisions approved by it.Heads of representative offices and branches are appointed by a legal entity and act on the basis of its power of attorney.Representative offices and branches must be specified in the constituent documents of the legal entity that created them.